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California’s low-cost insulin plans receive $100m manufacturing boost

Pharmaceutical Technology

The state plans to work directly with a contract manufacturing organization (CMO) to manufacture low-cost insulin. The documents state that a partnership with a CMO would be cheaper than the state directly manufacturing insulin. Prices would be “a fraction of the $300 per vial prices charged by insulin manufacturers.”.

Insulin 328
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Contract manufacturing giant WuXi's stock plummets as it warns of $400M revenue miss

Fierce Pharma

A challenging year for the biotech industry has taken a heavy toll on Chinese manufacturer WuXi Biologics, sending the company’s stock plummeting nearly 24% Monday. WuXi Biologics expects to miss its original sales target for the year by around $400 million, thanks to reductions across its development and manufacturing services.

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As Catalent prepares to join Novo family, CDMO's sales continue to slide

Fierce Pharma

As Catalent gets ready to join the Novo fold, the contract manufacturing juggernaut continues to slide on its diminishing COVID-19 business. billion.

Sales 83
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Merck KGaA suffers CDMO slump after 'sharp drop' in COVID-related sales, CFO says

Fierce Pharma

The division took a major hit from production timing and COVID-related sales downturns. The division took a major hit from production timing and COVID-related sales downturns.

Sales 64
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WuXi AppTec still sees sales growing and expansions rolling in 2024 despite concerns over US biosecurity bill

Fierce Pharma

Still, the Chinese contract manufacturer finds itself embroiled in a national security crackdown in the U.S., In moments of great uncertainty, sometimes the best approach is to just press on. CDMO WuXi AppTec reported solid performance in 2023 and expects good things for the coming year, too.

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Novo Nordisk maintains strong growth in T2D against competitor Lilly

Pharmaceutical Technology

Ozempic has been plagued by a shortage fueled by demand, and Wegovy has had contract-manufacturing-related supply chain issues, but that hasn’t prevented Novo’s GLP-1 franchise from achieving overall sales growth of 44% for the first nine months of the year.

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Micron Solutions, Inc. Completes Sale-Leaseback Transaction

BioTech 365

Completes Sale-Leaseback Transaction Micron Solutions, Inc. Completes Sale-Leaseback Transaction FITCHBURG, Mass., OTCQB: MICR) (the “Company”), a diversified contract manufacturing organization, through its wholly-owned subsidiary, Micron Products, Inc., Micron Solutions, Inc.

Sales 40